Impacts of Nanotechnology

Background Of Nanotechnology

Structural development and application with basic, new and valuable functional properties on basis of structural size within range 1-100 nanometers constitute nanotechnology by involving creation (manipulation or discovery) of structural materials at atomic/molecular/supermolecular atomic scale level (Mansoori & Soelaiman, 2005). Nanotechnology development phase still continues as it starts from 1960’s with biotechnological evolution in 1980’s by allowing unlimited characteristic applications discovery making it 21^st century technology including manufacturing industry, human health in terms of nanomedicine development, energy conversion by protecting environment to act as economic driving force (Sheeparamatti, Sheeparamatti, & Kadadevaramath, 2007). US national science foundation (NSF) worldwide estimated that by end of year 2015, about products of worth 1 trillion US dollars that are incorporating nanotechnology as a key component using manpower of about 2 million workers (Hulla, Sahu, & Hayes, 2015; Roco, Mirkin, & Hersam, 2010; Williams & Alivisatos, 2013). Research and development industry investment exceeds about 6 billion US dollars by 2006 keeping in view global risk management factor by holding potential applications to solve technical, economical, ecological and social problems (Kay & Shapira, 2009). National research and development programs during last few years have a tendency to revolutionized digitally involving cognitive sciences owing to funding by agencies by regulating impacts on human health and environment as well (Roco, 2011).